Onex (TSE:ONEX) Stock Gets Price Target Cut from RBC Dominion Securities

Onex (TSE:ONEX) had its target price decreased by RBC Dominion Securities from C$135.00 to C$129.00 in a research report sent to investors on Thursday,BayStreet reports. RBC Dominion Securities currently has a sector perform rating on the stock.

ONEX has been the topic of a number of other reports. BMO Capital Markets set a C$160.00 target price on Onex and gave the stock an “outperform” rating in a report on Thursday, October 1st. Royal Bank Of Canada boosted their target price on Onex from C$130.00 to C$135.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Finally, TD reduced their target price on Onex from C$165.00 to C$163.00 and set a “buy” rating for the company in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$151.00.

Onex Trading Down 1.9%

Onex stock opened at C$100.30 on Thursday. The firm has a market cap of C$7.65 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. Onex has a 1 year low of C$95.15 and a 1 year high of C$131.38. The firm’s 50 day moving average price is C$109.40 and its two-hundred day moving average price is C$109.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 1.82.

Onex (TSE:ONEX) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 EPS for the quarter. Onex had a return on equity of 5.25% and a net margin of 101.81%. The company had revenue of C$287.00 million during the quarter. On average, research analysts predict that Onex will post 0.44 EPS for the current fiscal year.

About Onex

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices. Investing revenue primarily comes from net gains on corporate investments and CLOs (collateralized loan investments). Asset and wealth management revenue comes primarily from management and performance fees.